Economic Survey Highlights: FY20 GDP growth rate projected at 7%, CEA says economy poised for takeoff

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Updated: July 4, 2019 3:17:28 pm

Economic Survey 2018-19 Highlights: Economic Survey 2019 has been tabled in the Parliament, FY20 GDP growth rate is estimated at 7%. The country's GDP growth has averaged 7.5 percent in the last five years of the Modi govt.

Economic Survey 2019 Live, Economic Survey of India LiveEconomic Survey 2019 Live, Economic Survey of India Live: The Economic Survey 2019 will be tabled in Parliament Thursday.

Economy Survey of India 2018-19 Highlights: The Economic Survey report 2018-19 has projected India’s FY20 economic growth rate at 7%. Coming just a day before India’s Budget 2019, the Economic Survey showed the health of the Indian economy and projected India’s economic growth for the fiscal year 2019-20. All eyes were on Budget 2019 and Economic Survey 2019 after a recent data released by the government showed a slump in GDP growth rate and high rate of unemployment in the country. The Economic Survey revealed signs of India’s economic revival and challenges ahead. It showcased the health of various indicators like jobs, farm sector, manufacturing, services, education, etc.

The Economic Survey is an important event right before the Union Budget 2019. An annual financial document, the Economic Survey generally analyses everything that happened with the country’s economy in the last financial year. It summarize the country’s economic health, performance on govt’s key programs, and points to the prospects of the economy. The detailed statistical data that encompasses macro and sectoral aspects give economists a deep-dive into the state of Indian economy.

Also Read | Economic Survey 2019 release date, time: How to download Budget Economic Survey pdf; when and where to watch

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Highlights Economic Survey 2019: Union Budget 2019-20 Economic Survey Highlights and Updates


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    Economic Survey 2019: Minimum wage system in India has expanded

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    Economic Survey 2019: Production of milk growing

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    One of the key policy focus areas is controlling the inflation. The govt has taken steps such as monitoring inflation regularly, giving advisories to the states against black marketing and hoarding, regular review meetings on prices and making sure the availability of key commodities to keep the inflation in check. Click Here to Read More

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    Economic Survey 2019: How to make economic policies work as they are intended to?

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    14:50 (IST)04 Jul 2019
    Chairman of EAC-PM Bibek Debroy on Economic Survey 2019

    14:42 (IST)04 Jul 2019
    Economic Survey 2019: Focus on MSME sector is positive

    “The Economic Survey 2019 has set the broad aim of achieving a sustained higher growth and the framework needed to achieve it. The primary idea of linking private investment, productivity, demand generation, exports, and job creation in order to achieve a sustained 8% real GDP growth could go a long way if followed in earnest in policy making. The focus on MSME sector was much needed as bulk of the job creation and growth support needs to come from this segment,” said Suvodeep Rakshit, Senior Economist, Kotak Institutional Equities.

    14:40 (IST)04 Jul 2019
    Economic Survey 2019 presents good news for industry

    “We welcome the positive news presented in the first Economic Survey of the second tenure of Modi government put forth by Chief Economic Adviser Krishnamurthy Subramanian. The GDP growth rate at 7 per cent in the financial year 2020, up from the 6.8 per cent last year is an affirmation towards the continued joint efforts taken by government and India Inc.,” Niranjan Hiranandani- National President- Naredco and Sr.VP - Assocham said.

    “The GDP growth has been seen picking up on higher private investment and robust consumption. It added that MSMEs need to be seen as a source of innovation, growth and job creation. It must be made free from the shackles that convert them into dwarfs.  This shows the intent and commitment of the government in the key growth areas. The survey affirms that investments would be a key driver with micro, small and medium term business being the key focus area,” he added.

    14:37 (IST)04 Jul 2019
    Economic Survey: Predictable policy action is key, says survey

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    14:34 (IST)04 Jul 2019
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    14:28 (IST)04 Jul 2019
    Economic Survey: India needs to increase energy consumption

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    14:25 (IST)04 Jul 2019
    Economic Survey 2019 LIVE: NBFC crisis and consumption spending

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    14:24 (IST)04 Jul 2019
    Economic Survey 2019: Investment is 'key driver' for demand

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    14:21 (IST)04 Jul 2019
    Economic Survey: Political stability and animal spirits of economy

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    14:16 (IST)04 Jul 2019
    Economic Survey 2019: Indian economy poised to take off

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    14:13 (IST)04 Jul 2019
    Economic Survey 2019: Subramanian on demographic dividend

    China's savings rose as the proportion of its working population rose, India's demography in next 2 decades will enable a virtuous cycle of 8 per cent growth, adds CEA K Subramanian.

    14:00 (IST)04 Jul 2019
    Economic Survey: CEA K V Subramanian on wages

    An effective minimum wage policy that targets the vulnerable bottom rung of wage earners can help in driving up aggregate demand and building and strengthening the middle class: CEA K V Subramanian

    13:59 (IST)04 Jul 2019
    CEA K V Subramanian on Economic Survey LIVE

    India ranks poorly compared to other countries when it comes to ease of contractual enforcement. The problem of backlog of cases in courts is not insurmountable, can be solved within 5 yrs through productivity improvement & working during vacation: CEA K V Subramanian 

    13:58 (IST)04 Jul 2019
    Economic Survey: CEA K V Subramanian on Jobs and start-ups

    Firms that over time grow large are significant contributors to employment and value; need more focus on firms to reap economies of scale, rather than on firms which remain slow despite their age: CEA K V Subramanian

    13:57 (IST)04 Jul 2019
    Economic Survey: CEA K V Subramanian on Data

    One of the key things we are witnessing today is the power of Data, it can be particularly life-saving in rural areas when information is made accessible to the common man. Banks use fin tech to screen farmer's loans. Data can be visualised as a public tool, governments need to recognize and invest in this for growth: CEA K V Subramanian

    13:54 (IST)04 Jul 2019
    Economic Survey: Labour reforms provide one of the key constraints, says CEA

    Labour reforms provide one of the key constraints. We looked at the reforms that Rajasthan undertook as compared to other states. Be it number of workers and total output per factor has increased in Rajasthan - a key aspect to focus on for policy nudges: CEA K V Subramanian

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    Economic Survey: CEA KV Subramanian addressing media

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    Economic Survey 2019 Live: CEA on subsidies

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    Economic Survey: CEA KV Subramanian addressing media | WATCH LIVE
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    Budget Economic Survey 2019: Amitabh Kant’s two-pronged formula to fulfil Modi’s investment dreams

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    Also read: Budget Economic Survey 2019: Amitabh Kant’s two-pronged formula to fulfil Modi’s investment dreams

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    Economic Survey: CEA KV Subramanian addressing media

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    13:33 (IST)04 Jul 2019
    Economic Survey: CEA KV Subramanian addressing media

    Theme that underlies this Economic Survey is, the sky blue colour, the colour used for the survey, captures unfettered blue sky thinking which is what we've indulged in trying to come with the idea for this survey.  The economy is now poised for takeoff, adds CEA KV Subramanian

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    Economic Survey 2019 LIVE: CEA K V Subramanian speaks
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    Economic Survey 2019 LIVE: India will enjoy the “demographic dividend”

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    Economic Survey 2019 LIVE: From Swachch Bharat to Swasth and Sundar Bharat


    13:22 (IST)04 Jul 2019
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    13:13 (IST)04 Jul 2019
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    Economic Survey 2019 LIVE: The next five years

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    Economic Survey 2019 LIVE: Five Accomplishments

    Last Five Years: The Accomplishments

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    13:02 (IST)04 Jul 2019
    Economic Survey 2029 Live: Job creation is driven by virtuous cycle

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    13:00 (IST)04 Jul 2019
    Economic Survey 2029 Live: CEA's blue print for the Indian Economy

    12:47 (IST)04 Jul 2019
    Economic Survey 2029 Live: Key highlights

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    12:43 (IST)04 Jul 2019
    Economic Survey 2019 LIVE: A snapshot of the Indian Economy
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